Volkswagen will pay 10 US states $157 million to end its emissions cheating scandal Ftc Chart Volkswagen Buyback

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Volkswagen will pay 10 US states $157 million to end its emissions cheating scandal Ftc Chart Volkswagen Buyback

A U.S. flag flutters in the wind above a Volkswagen dealership in Carlsbad, California

WASHINGTON (Reuters) - Volkswagen AG said Thursday it has agreed to settle environmental claims from 10 U.S. states over its excess diesel emissions for $157.45 million as the world's largest automaker looks to move past the scandal.

The German automaker settlement covers states including New York, Connecticut, Massachusetts, Pennsylvania and Washington and also covers some consumer claims. In 2016, VW reached a $603 million agreement with 44 U.S. states, but that settlement didn't cover claims resolved Thursday.

Ftc Chart Volkswagen Buyback , VW has now agreed to spend up to $25 billion in the United States to address claims from owners, environmental regulators, states and dealers and to make buyback offers.

"Volkswagen AG and Volkswagen Group of America, Inc. (together, Volkswagen) announced today that they have reached an agreement with the attorneys general of 10 U.S. states to resolve environmental claims related to the diesel matter in the United States, as well as certain consumer claims that were not included in Volkswagen's prior multi-state agreement. Volkswagen has agreed to pay approximately $157.45 million, to be allocated among the participating states of Connecticut, Delaware, Maine, Massachusetts, New York, Oregon, Pennsylvania, Rhode Island, Vermont and Washington. The agreement avoids further prolonged and costly litigation as Volkswagen continues to work to earn back the trust of its customers, regulators and the public." Ftc Chart Volkswagen Buyback

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